the world is watching and waiting to see what happens here today in washington. at this hour, congressional leaders are working to find common ground, desperate for some sort of compromise. my sources tell me this morning the odds of a deal are still no better than 50/50. the senate will convene today at 1:00 p.m., the house back in at 2:00 p.m. stock markets around the world are on edge. the dow down five days in a row falling nearly 160 points friday and early indications are those losses could be much worse if there is no deal. consumers are jittery too. their confidence in the economy plunging for the second straight month falling to its lowest level since august. so that's where we begin. let's get the latest from two top senate leaders. joining us now, senator chuck schumer of new york, senator jon kyl of arizona. so, gentlemen, do we have a deal? >> well, there are certainly no breakthroughs yet between senator mcconnell and senator reid, but there's a real possibility of a deal. i've been a legislator for 37 years, and i've watched how these things work.